Open Letter

I have the honor and the privilege to succeed Mr. Nasser J. Merabi as president and CEO of Merabi & Sons, Incorporated. During his eight years as president of this great company, my father was responsible for the steadfast resilience of the family’s business, even during the recession in 1989-90 when the real estate bubble burst. He always said, “America has been remarkably good for us, as we have been remarkably good to America.” We can’t say that about any other place in this world.

Following in my father’s footsteps has been a unique chance for me to grow and flourish. I have never ceased to take full advantage of this opportunity afforded to me. I am thankful each and every day.

There are still many things to be accomplished by Merabi & Sons. The room for growth has no ceiling. So first, I hope to fill my father’s shoes. Then I hope to build new shoes for those who follow me to fill.

Kambiz Merabi

New York, New York

November 25, 1998